Hiber Appoints Industry Leaders to Advisory Board as well as Receives EU Funding

Hiber is celebrating a successful start to 2020 — in addition to receiving EU funding and achieving Dutch National Icon status, Hiber is also excited to announce the appointment of three eminent industry leaders to its advisory board: George Coelho, Co-Founder of Balderton Capital and advisor to European and South East Asian firm Finch Capital; Drew Caplan, a senior telecommunications executive and Lt. General Lawrence Farrell, a US military veteran and previous President and CEO of the National Defense Industrial Association.

These strategic hires come after a successful 2019 that witnessed Hiber launch their IoT network, Hiberband, that already has a portfolio of 50 global customers from a diverse range of sectors, including agriculture, oil, gas and logistics.

Identified as an innovative startup by the EU last year, in 2020 Hiber is also set to receive part of the European Innovation Council Accelerator’s grant of €278 million and direct equity investment.

Additionally, Hiber has been selected as a Dutch National Icon, a prestigious Dutch government backed initiative, whereby dutch companies with major social and economic potential are selected to receive government support. As part of its National Icon status, Hiber will receive support and expert counsel from the Dutch cabinet member, State Secretary Keijzer, for three consecutive years.

Hiber (formerly Magnitude Space) is a ‘NewSpace’ startup, founded and led by a dream team of satellite experts and tech entrepreneurs. These ‘Hibernauts’ are working on a moonshoot goal: to launch and run a smallsat constellation in space — 50 employees work on the patented technology behind Hiber and Hiberband at the firm’s offices in Amsterdam and Delft.

Posted in News.